Archive for December, 2014

More News and Commentary

Keystone: The Republican Congress’s First Priority May No Longer Make Sense

Editor’s note: this column was published on Wednesday by Bloomberg View By David Knowles Senator Mitch McConnell has long waited for this moment. When he assumes his new position as Majority Leader in January, McConnell will waste little time in bringing up the Keystone XL pipeline project for a vote. “The first item up in the […]

Neither the Fine Print Nor a Review by Moody’s Shed an Honest Light on Prairie State’s Dark Finances

  Ratings-agency reviews this week of new debt offerings associated with Prairie State Energy Campus, and the fine print in the bond offering itself, simultaneously illuminate and obscure the financial and operational failures of the power plant in southern Illinois. The reports by the ratings agencies — one by Fitch Ratings, the other by Moody’s […]

December 18, 2014 Read More →
Pennsylvania Leads; Ohio Lags; Divestiture Gains

Pennsylvania Leads; Ohio Lags; Divestiture Gains

PENNSYLVANIA IS OUT FRONT IN THE NEW ENERGY ECONOMY, writes Stephanie Ritenbaugh in today’s edition of the Pittsburgh Post-Gazette. Ritenaugh’s article is based largely on new research by the Pew Trusts’ Clean Energy Initiative, but includes additional perspective on how the state is leveraging its manufacturing history to develop its new-energy sector. It includes a […]

December 17, 2014 Read More →

On Solar, India Isn’t Fooling Around

By Tim Buckley The government of India isn’t kidding around about solar energy. For the most recent proof, look no further than the announcement last week of an $800 million funding initiative to kick-start a major step-up in the country’s solar roll-out. The push involves two development tracks. One is for 20 gigawatts of what […]

December 17, 2014 Read More →

5 Reasons Coal Companies Should Pay Export Royalties Now

By Tom Sanzillo —  The U.S. coal industry is going through a period of shrinkage that even some of its most stalwart leaders acknowledge. Yet the National Mining Association in a presentation in November to the Department of Interior’s Office of Natural Resources Revenue seemed in deep denial about this reality.  The industry has lost […]

December 16, 2014 Read More →
Nervous in Tar-Sands Country; Utility-Company Existentialism; Australia Coal Outlook Dims

Nervous in Tar-Sands Country; Utility-Company Existentialism; Australia Coal Outlook Dims

SNOWMOBILE SALES AND HOUSE PRICES ARE DOWN IN FORT MCMURRAY, ALBERTA, Reuters reports, as residents of the heart of Canada’s tar-sands region grow uneasy about whether the industry can deliver as promised. Nia Williams reports a “sense of unease” across the economy as lower global oil prices cast the future of tar-sands development in doubt. […]

December 16, 2014 Read More →
Politico.com Asks a Few Good Questions; L.A. Times Doubts Keystone; Plain Dealer Columnist Hasn’t Forgotten

Politico.com Asks a Few Good Questions; L.A. Times Doubts Keystone; Plain Dealer Columnist Hasn’t Forgotten

POLITICO.COM, THE INSIDE-THE-BELTWAY NEWS SITE, TAKES A HARD LOOK AT THE FUTURE OF THE U.S. COAL INDUSTRY in a deep dive published over the weekend. The article, by Erica Martinson, details how global demand for coal is receding, how Asian markets prefer cheaper coal from Australia and Indonesia, and how China seems increasingly serious about […]

December 15, 2014 Read More →
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There’s a Better Way Out of This Mess Than What Paducah Power Proposes

By Tom Sanzillo and David Schlissel —  The recent plan proposed by Paducah Power System to reduce high electricity costs for residents and businesses will neither bring rates down to a manageable level nor stabilize the utility’s finances. The good news: There’s a better way forward. To see through the bad offer on the table, […]

Bloomberg: It’s the Energy Industry, Not the Coal Industry; India’s Solar Trend; Even Coal Companies are Getting Out of Coal

Bloomberg: It’s the Energy Industry, Not the Coal Industry; India’s Solar Trend; Even Coal Companies are Getting Out of Coal

MICHAEL BLOOMBERG, THE FOUNDER AND MAJORITY OWNER OF BLOOMBERG LP, the big financial news-and-information company, takes an end-of-the-year swipe at coal-industry executives in a Bloomberg Businessweek column in which he lists his favorite CEOs. What the good one have in common, Bloomberg writes, is an ability to recognize and respond to changing markets. “Any organization […]

December 12, 2014 Read More →
WSJ: Growing Resistance to Big Fossil-Fuel Projects; More Calls for Coal-Lease Reform; Paducah Power Stays the Course

WSJ: Growing Resistance to Big Fossil-Fuel Projects; More Calls for Coal-Lease Reform; Paducah Power Stays the Course

THE WALL STREET JOURNAL TAKES PROMINENT NOTE THIS WEEK OF THE MOUNTING COSTS ASSOCIATED WITH POPULAR OPPOSITION to large new oil and gas projects in North America. The article, by Amy Harder, points out that the Keystone XL pipeline, once received as a jobs-creation investment, has become a touchstone of grassroots resistance that has risen […]

December 11, 2014 Read More →